Nice work Trump you assfuck. Largest drop since 1973.
There's perhaps no better symbolic representation of America's financial might than the U.S. dollar. And right now, the world's top currency is taking a big, mighty punch.
BUSINESS
Sell USA? Why Trump's tariffs may be sparking a historic storm on Wall Street
The dollar has slumped more than 10% this year, posting its worst decline in the first six months of a year since 1973, back when President Nixon shocked the world by detaching the dollar's value from gold.
The decline reverses a long stretch of annual gains for the dollar — and it's especially confounding given that the U.S. economy is still doing well.
"America was already great," says Kaspar Hense, a senior portfolio manager at RBC BlueBay Asset Management.
"We are coming from a very strong dollar level where U.S. exceptionalism was what everybody was speaking about in financial markets," he adds.
The rest of the story:
NPR
Why some see the dollar's drop as a sign America is losin...
The dollar has just posted its worst first-half of a year since 1973. And now investors wonder — is it a sign that America is losing its financial standing?
By
Mainecat · Posted
